Without production of value, there are no taxes to confiscate..

by David K. Williams, Jr. | 12:45 pm, December 31, 2008 | Comments Off

The Saturday, December 27, 2008 edition of the Rocky Mountain News had this headline:

“Disabled hopes fade.” There was a jump to the story inside. The inside headline said: “Economy shreds hopes of disabled.”

The subhead: “As taxes dry up, state scales back legislative gains.”

The lesson, that pro-government statists never seem to learn, is that without people producing income, there is no money for government.

The statist believes that they can raise taxes on those producing value and raise money for government every single time.

They see the producers of value as a bottomless pit from which to scoop money whenever the whim strikes.

There is no bottomless pit. When the producers fail to make a profit, there is no money for the government to confiscate.

Ergo, those that desire to confiscate the production of those that produce should do whatever is in their power to make sure that profits never dry up. Of course, none of them understand this basic concept.

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